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Religare board upholds highest standards of corporate governance in all transactions, stands by REL management

Jan 4, 2024

New Delhi, Dec 3 (IANS) The approval sought at the AGM of Religare Finvest Limited (RFL) held on September 26, 2023 was to seek enabling approval of shareholders for the proposed grant of ESOPs of RFL to Rashmi Saluja under the RFL ESOP Plan 2019. The notice for the aforesaid AGM was issued on September 1, 2023, and was submitted to the BSE…

Investment deals worth Rs 7.17 tn signed ahead of Vibrant Gujarat summit

Jan 4, 2024

Gandhinagar, Jan 3 (IANS) Gujarat has inked preliminary investment agreements totalling a staggering Rs 7.17 trillion (approximately $86.07 billion) with 58 companies. These deals span a diverse range of sectors, including energy, oil and…

Business

Vedanta gets bondholders’ consent for debt restructuring plan

Jan 3, 2024

Mumbai, Jan 3 (IANS) Anil Agarwal-led Vedanta Resources said on Wednesday that it has received the support of 97 per cent of its bondholders to restructure some of its near-term debt which will ease repayment pressure on the company.The…

Business

PFC signs MoU for Rs 25,000cr loans to power projects in Gujarat

Jan 3, 2024

Gandhinagar, Jan 3 (IANS) The Power Finance Corporation Ltd (PFC) signed an MoU with the government of Gujarat on Wednesday for providing comprehensive financial backing to the tune of Rs 25,000 crore for power generation, transmission, and…

Business

Muted business updates from corporates dent market sentiments

Jan 3, 2024

Mumbai, Jan 3 (IANS) Muted monthly and quarterly business updates from corporates have dented market sentiments generally, Deepak Jasani, Head of Retail Research at HDFC Securities, said on Wednesday.Nifty closed lower for the second…

Business

Critical gaps exist in workplace safety for women in India: Report

Jan 3, 2024

Mumbai, Jan 3 (IANS) A staggering 40 per cent of working women experiencing workplace insecurity are unaware of the protective measures offered by the Prevention of Sexual Harassment (POSH) Act, according to a report on Wednesday.The report…

Business

Nifty declines for second day on profit booking, weak PMI data

Jan 3, 2024

Mumbai, Jan 3 (IANS) Domestic equities continued to witness profit booking on the back of weak global cues and a fall in India’s PMI manufacturing to an 18-month low at 54.9 for December, Siddhartha Khemka, Head of Retail Research at…

Business

As New Year begins, there’s some nervousness in markets

Jan 3, 2024

Mumbai, Jan 3 (IANS) In some areas, valuations seem stretched, as seen in the surge of micro-cap stocks and the enthusiasm for new issues, including in the SME sector, Jaykrishna Gandhi, Head of Business Development, Institutional Equities…

Business

SpaceX launches 1st batch of satellites for mobile phone connectivity anywhere on Earth

Jan 3, 2024

New Delhi, Jan 3 (IANS) Elon Musk-run aerospace company SpaceX has launched the first batch satellites to connect mobile phone users anywhere on the planet. Six of the 21 new Starlink satellites just launched support the company's new…

Business

Akasa Air inducts two Boeing 737 MAX 8 aircraft, fleet rises to 22

Jan 3, 2024

New Delhi, Jan 3 (IANS) Budget airline Akasa Air has inducted two Boeing 737 MAX 8 aircraft, reaching a fleet size of 22 aircraft within 17 months of commencing operations,The 22 aircraft includes 21 Boeing 737 MAX 8 and one Boeing 737 MAX…

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